# Caisse des Dépôts

Sovereign forest bonds — Green finance and natural capital investments.

Source: https://en.bioecon.ru/companies/caisse-des-depots/
Updated: 2026-07-02

- Country: France

## Verifiable facts

| Fact | Value | Source |
| --- | --- | --- |
| Funding | Caisse des Dépôts issues green, social, and sustainability bonds, with various issuances noted such as a €1bn sustainability bond and several others totaling €3.5bn raised across six bonds outstanding in 2024. | https://www.caissedesdepots.fr/sites/cdc.fr/files/2026-02/Framework_Green_Social_and_Sustainability_Bonds-16th-February-2023.pdf, https://www.caissedesdepots.fr/sites/cdc.fr/files/2026-02/Framework_Green_Social_or_sustainable_Financing-July_2025.pdf, https://www.caissedesdepots.fr/sites/ms-cdc-fr/files/2025-11/Sustainability%20Bonds%20-%202024%20annual%20report.pdf |
| Certification | Forest assets are managed by Société Forestière with coverage by PEFC certification and planned FSC certification. | https://www.caissedesdepots.fr/sites/cdc.fr/files/2026-02/Framework_Green_Social_and_Sustainability_Bonds-16th-February-2023.pdf, https://www.caissedesdepots.fr/sites/cdc.fr/files/2026-02/Framework_Green_Social_or_sustainable_Financing-July_2025.pdf, https://www.caissedesdepots.fr/sites/ms-cdc-fr/files/2025-08/Key%20sustainability%20performance%20indicators%202023.pdf |
| Regulatory approval | The investment process includes verification that projects have received necessary environmental and social regulatory approvals. | https://www.caissedesdepots.fr/sites/cdc.fr/files/2026-02/Framework_Green_Social_and_Sustainability_Bonds-16th-February-2023.pdf, https://www.caissedesdepots.fr/sites/cdc.fr/files/2026-02/Framework_Green_Social_or_sustainable_Financing-July_2025.pdf, https://www.caissedesdepots.fr/sites/ms-cdc-fr/files/2025-11/Sustainability%20Bonds%20-%202024%20annual%20report.pdf |
| Production site | Société Forestière manages forest assets across France. | https://www.ccomptes.fr/fr/publications/la-societe-forestiere-de-la-caisse-des-depots-et-consignations, https://www.ccomptes.fr/sites/default/files/2024-09/20240912-S2024-0839-Societe-forestiere-CDC.pdf |
| Headcount | Société Forestière (La Forestière) has 90 employees as of 2026. | https://www.ccomptes.fr/sites/default/files/2024-09/20240912-S2024-0839-Societe-forestiere-CDC.pdf |
| Revenue | Société Forestière reported a turnover (CA) of €25 million in 2023. | https://www.ccomptes.fr/sites/default/files/2024-09/20240912-S2024-0839-Societe-forestiere-CDC.pdf |

Independent sources: ccomptes.fr

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